Devoted Health is negotiating a new funding round at a potential $25 billion valuation. Business Insider first reported the talks, which follow a $16 billion valuation set just months ago.
The startup uses its proprietary AI tool, Orinoco, to coordinate medical care for seniors in the Medicare Advantage market. Founded in 2017 by brothers Ed and Todd Park, the company operates as both an insurer and a healthcare provider.
Membership reached 466,000 as of January 2026. This figure represents a 121% increase year-over-year. Prominent investors including Andreessen Horowitz and General Catalyst back the firm.